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Naira Depreciates Against Dollar At Official Market

Posted by Samuel on Sat 08th Jun, 2024 - tori.ng

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N2.50.

 Naira

On Friday, the Naira experienced a decline in value at the official market, trading at N1,483.99 against the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N2.50.

This represents a 0.16 per cent loss when compared to the previous trading date on Thursday, trading at N1,481.49 to the dollar.

However, the volume of currency traded increased to $269.27 million on Friday up from $213.31 million recorded on Thursday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,507.00 and N1,399.00 against the dollar. 



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